Posts In Category

Business News

At VIFreepBreaking NewsBusiness NewsNational NewsSt. Croix NewsSt. John NewsSt. Thomas News

        U.S. District Judge Curtis Gomez CHARLOTTE AMALIE – Three Bank of America units can fend off negligence claims over bad tax advice the bank and Buchanan Ingersoll & Rooney PC allegedly gave on a $219 million Virgin Islands bond offering, but two BOA affiliates must face related claims, a

Read More
At VIFreepBreaking NewsBusiness NewsPuerto Rico News

MIAMI – One set of human remains has been found in the debris field from the cargo ship El Faro, but U.S. Coast Guard officials said today that they were still searching for survivors. During a press conference in Miami, Coast Guard spokesman Mark Fedor said crews had suspended their

Read More
At VIFreepBusiness NewsSt. Thomas News

CHARLOTTE AMALIE – Denison Yacht Sales of Florida has opened its second office in the Caribbean, a sign of the rebound underway in the boating industry. The company launched a locale on St. Thomas at American Yacht Harbor in Red Hook, on the island’s East End. The new office is

Read More
At VIFreepBreaking NewsBusiness NewsGovernment House NewsSt. Croix News

                     Gov. Kenneth Mapp CHRISTIANSTED – When the Virgin Islands slapped Hess. Corp. with a $1.5 billion suit last month accusing the oil company of shuttering a refinery it had promised to run through 2022, it didn’t also mention that it had already sued PDVSA for $3.8 billion the month before.

Read More
At VIFreepBreaking NewsBusiness NewsNational NewsSt. Croix News

BOSTON – Despite a sharp contraction in the nation’s oil and gas industry amid low oil prices, ArcLight Capital Partners, LLC is betting $200 million on the future of the oil industry. The company’s ArcLight Energy Partners Fund VI LP has teamed up with Midland’s Element Petroleum LP to form

Read More
At VIFreepBreaking NewsBusiness NewsNational NewsSt. Croix NewsSt. John NewsSt. Thomas News

BEVERLY, Mass. – Atlantic Tele-Network, Inc. today announced it has entered into an agreement to acquire all of the membership interests of Caribbean Assets Holdings LLC, the holding company for the Innovative group of companies operating cable TV, Internet and landline services primarily in the Virgin Islands. ATN is purchasing

Read More
At VIFreepBreaking NewsBusiness NewsSt. Thomas NewsTourism News

CHARLOTTE AMALIE – Beginning this season, couples hosting their destination wedding at The Ritz-Carlton, St. Thomas will now have the opportunity to give back to the U.S. Virgin Islands community as part of their experience. “Lasting Contributions” was created to help couples build the idea of service and community work

Read More
At VIFreepBreaking NewsBusiness NewsSt. Thomas News

DEERFIELD, Ill.– Over the last two years, Walgreens has helped to provide 7 million life-saving vaccines to children in developing countries through the Get a Shot. Give a Shot® campaign, and its growing collaboration with the United Nations Foundation. Today, “Get a Shot. Give a Shot” kicks off its third

Read More
At VIFreepBreaking NewsBusiness NewsCaribbean News

ORANJESTAD – Aruba’s Energy Ministry said today that it has signed a memorandum of understanding with PDVSA’s U.S. unit Citgo Petroleum to explore reopening and operating the island’s refinery, idled since 2012. The 235,000-barrel-per-day refinery, which was operated by U.S. firm Valero Energy Corp., closed because of high operating costs

Read More
At VIFreepBusiness NewsCommunity AffairsSt. Thomas News

   Tara Bouis of Pizza Pi on St. Thomas CHARLOTTE AMALIE – Sometimes you just need a good pizza — even if you’re living on the ocean. It is a truth so universally acknowledged that there are entire corporations dedicated to delivering it directly to you. And those moments when

Read More